MCCI sets the bar for return on investment

MCCI sets the bar for return on investment
MCCI executive director, Donnacha O’Riordan, with Minister for Business, Enterprise and Innovation Heather Humphreys.

The Microelectronic Circuits Centre Ireland has increased research revenue from €7.5m in 2018 to €8.1m in 2019, its annual report shows.

The MCCI’s books also state that it is one of Ireland’s highest performing research centres, with a return on investment ratio of 4:1 to date on government investment.

Based at Tyndall National Institute in Cork, and funded by Enterprise Ireland and the IDA, MCCI was founded to deliver high impact research for the semiconductor industry and to generate high impact technology.

MCCI executive director, Donnacha O’Riordan, said:

Microelectronics is a key enabling technology which is fundamental to, and underpins all electronic systems, and that continues to address strong worldwide growth opportunities.

More than 8,000 people are directly employed and annual direct export revenue is over €9bn in microelectronics, and is key to supporting Ireland’s multi-billion ICT sector.

The impact of the MCCI is recorded in this year’s Annual Report, and is forecast to be over €150 million in economic value to the state by 2023.

The centre has supported the creation of almost 500 jobs (458) since 2015.

MCCI acts as an essential research partner for the semiconductor industry in Ireland, and has licensed more than 15 commercial IPs over the last year.

More on this topic

CRH 'prepares to sell €1.7bn distribution arm'CRH 'prepares to sell €1.7bn distribution arm'

IMF blog post on corporation tax poses challenge for IrelandIMF blog post on corporation tax poses challenge for Ireland

Providence Resources shares rise on Barryroe funding optimismProvidence Resources shares rise on Barryroe funding optimism

Grafton Group shares fall as conditions weaken in core UK marketGrafton Group shares fall as conditions weaken in core UK market

More in this Section

Ryanair dealt fresh blow as top executive joins EasyJetRyanair dealt fresh blow as top executive joins EasyJet

Opinion grows ECB rate cut on the cards as early as SeptemberOpinion grows ECB rate cut on the cards as early as September

Donohoe tells watchdog Ifac his long-term budget spending sums are ‘credible’ after all Donohoe tells watchdog Ifac his long-term budget spending sums are ‘credible’ after all

State's first social enterprise policy will ‘unlock potential’ of social businessesState's first social enterprise policy will ‘unlock potential’ of social businesses


Lifestyle

Breanndán Ó Beaglaoich will not let a day pass without his ritual dip in the sea, which he describes as the best anti-depressant ever, says Lorna Siggins.Taking the plunge has a depth of benefits

10% of women suffer from it worldwide.As Alexa Chung reveals she has endometriosis, here’s everything you need to know about the condition

Pinnies, cookie cutters and wooden spoons at the ready.Food projects to do with the kids this summer

Stop. Climbing. Uluru.As tourists rush to climb Uluru despite an incoming ban – 5 ways to enjoy the rock respectfully

More From The Irish Examiner